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HII price target raised to $350 from $320 at TD Cowen

TD Cowen analyst Gautam Khanna raised the firm’s price target on HII (HII) to $350 from $320 and keeps a Buy rating on the shares. The firm said its Q3 print revealed mixed operating trends. Yet, the stock benefits from few ways to play the thematic shipbuilding demand upturn, a gradual operational turnaround, and muted investor sentiment that can continue to improve.

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